Sundial of world news

Google surprised the markets. Internet group posted a statement on Thursday after the close of Wall Street reporting a net profit increase of over 32% to 2.167 billion dollars. Reported in action, earnings were $ 7.64 dollars when analysts expected on average 6.69 dollars.

Revenues also exceeded the consensus. It climbs from 23% to 7.286 billion dollars. Observers expected a figure closer to $ 5.27 billion.

In the statement, the group's CEO, Eric Schmidt, was pleased to have achieved an "excellent quarter". Optimistic, the boss of the search engine is also committed to "investing aggressively in both our employees and our products to continue our innovation agenda" quick payday loan.

The group, which had on September 30 of $ 33.4 billion of cash, including promised "significant investment spending." The numbers have already increased by 1,500 people during the quarter, counting 23,334 employees in total.

In exchange, the news was widely welcomed. Titles Google leapt from 5.78% to 574.70 dollars in trade after the close of the NYSE.

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Following the announcements of the U.S. central bank released Tuesday evening, the CAC 40 tries again to get closer to 3800 points. Investors are reassured by announcements by the Fed to support the U.S. economy. The CAC 40 was up 1.54% to 3806.77 points. The London Stock Exchange gained 1.23% to 5731.27 points and the Frankfurt Stock Exchange ahead of 1.42% to 6393.83 points, its highest since the financial crisis.

On Tuesday, the index in Paris closed down 0.52% at 3748.86 points before the meeting of the U.S. central bank.U.S. markets showed a positive reaction, even if tentative, support to the Fed: the Dow Jones rose 0.09% to 11,020.40 points.

On the currency markets, the Fed's announcements continue to weaken the dollar: shortly after the opening of the Paris Bourse, the euro rose 0.34% to 1.3973 dollar.

On the macroeconomic front, the consumer prices in France fell by 0.1% in September as monthly changes, and are up 1.6% year on year, INSEE said on Wednesday. At midday, the Institute of Statistics will release the Consumer Price Index in supermarkets also in September.For the euro area, industrial production in August will be known to 11 hours.

Finally, three U.S. indicators are on the agenda this Tuesday: the import prices in September (14 hours), the weekly inventory of crude oil (16.30) and the balance in September to 20 hours.

Target cash flow statement for Atos Origin

Following the announcements of the U.S. central bank Tuesday night, cyclical stocks such as banks and automakers will follow.

Bank stocks move in a disorganized: Societe Generale gained 0.18% to 42.66 euros and Natixis advance of 0.12% to 4.28 euros.In contrast, BNP Paribas was down 0.72% to 52.13 euros and Credit Agricole loose 1.58% to 11.54 euros, the only two titles to evolve into the red on Tuesday.

Societe Generale launched a bond of at least 300 million Australian dollars (212 million). The yield of this issue four years was set at about 150 basis points over swaps, reported a source who had access to the terms of the transaction. The price should be fixed by Thursday.

Last week, Credit Agricole announced a three-year loan of at least 300 million Australian dollars (200 million euros).

The technology at the top of the SBF 120

Technology stocks are benefiting from the optimism Tuesday by Intel, which saw its profits increase by 59.1% in the fourth quarter a year ago. And thus support the CAC 40.They show the highest increases in the SBF 120: Soitec climbed 2.74% to 7.09 euros, STMicroelectronics, the largest increase CAC 40 rose 1.84% to 5.63 euros, giving itself up Legrand from 1.64% to 26.34 euros.

The podium of the largest increases in the CAC 40 is completed by Lafarge (1.43% to 41.18 euros) and LVMH (1.37% to 111.30 euros)

The IT services company Atos Origin, issued on Wednesday a turnover down 1.5% in the third quarter to 1.21 billion euros. The group also noted its goal of operating cash flow this year to 140 million euros.The value is yet battered stock market, losing 0.70% to 33.20 euros.

Emirates Airbus wants 30 additional

L'Oreal: 0.90% to 82.29 euros

While according to British newspaper Daily Mail, rumors suitable for L'Oreal designs on Avon Products – Offer $ 44 (31.78 euros) per share – the transaction does not seem convincing to analysts, for whom Avon is not the ideal target, despite its high exposure to emerging markets (70% of its turnover). L'Oreal closed Tuesday down 0.12% to 81.56 euros in a market down 0.52%.Avon, meanwhile, grew at the New York Stock Exchange at 4.16% to 34.54 dollars, while U.S. markets gained 0.09%.

EADS: -0.03% to 18.31 euros

Emirates announced on Tuesday will order 30 Airbus A380s term – bringing the new target at 120 – an amount approaching $ 10 billion (7.2 billion euros).

Netgem: -0.30% to 3.30 euros

The box manufacturer Netgem Internet announced in talks "not exclusive" to buy its Italian rival Pirelli Broadband Solutions.IT No case of agreement, Netgem would double its turnover after incorporation of Pirelli Broadband, with a turnover of cases was 132.1 million euros in 2009, up 6% from 2008.

After-hours trading, it was the turn of Casino (+0.48% at 67.10 euros) and Camaieu (-0.02% to 174.97 euros) to present their quarterly revenue.

Microsoft's new phones, which must compete with the iPhone, Blackberry and Android smartphones were presented Monday. In France, five models manufactured by HTC, Samsung and LG, all with a touch screen, will be available from 21 October by the three major telecom operators Orange, SFR and Bouygues Telecom. The cheapest of them will be sold 29 euros. United States, Windows Phone will be launched two weeks later, on November 8.

With these new smartphones, Microsoft is "left a blank page" and did not attempt to copy what is done elsewhere, "said Nicolas Petit, group marketing director in France. Unlike the iPhone, focusing on applications, the Windows phone were "built around the use." Thus, contacts and photos from Facebook are recovered directly by phone, without having to open independent software.And interface contrasts sharply with what is done elsewhere.

This choice allows Microsoft to hide the main weakness of its phones, which do not have as many applications as Apple and Google. "We will not go in the race number. The goal is to have the best applications on the market, those are really expected by users, "explains Eric Boustouller, general manager of Microsoft France. The Windows phone for example will have to launch in exclusivity, the new mobile application of Meetic.

An update in early 2011

To achieve this goal, Microsoft has taken care of its partners, supports a portion of development costs and providing technical support. It also relies on development tools already used for Internet applications, PC and Xbox.And on a revenue sharing downloads with operators, who can customize their handsets by adding software. An update of phones has also been announced for early 2011. It will include copy and paste text.

The immediate launch of Windows Phone in France accompanied by a massive advertising device, two times higher than for Windows 7. But the objectives of Microsoft, who enroll "in the long term, remain unclear. "In a market of 1, 2 billion phones annually, the bet is won if we captions between 100 and 300 million," said Eric Boustouller without specific dates. According to Gartner, in the second quarter of 2010, Microsoft held only 5% of the smartphone market.

Reference documents of the bank confirm information given on Saturday by Europe 1 radio. Thanks to a tax scheme, Societe Generale has recovered 1.7 billion euros over the 4.9 billion lost by the bank in 2008 in the Kerviel affair.

In case of exceptional losses in any given year, the corporation tax in effect allows the banks to receive a tax deduction. It may reach one third of the amount lost or the standard tax rate of corporations.

In the case of Societe Generale, the mechanism was carried out in two stages. For fiscal 2007, the bank recorded the gain of 1.471 billion euros made by Jérôme Kerviel, and has accordingly paid a tax of 507 million euros related to the gain.The following year, in 2008, the Societe Generale saw a loss of 6.382 billion euros (the balance between the gain of 2007 and the 2008 loss is $ 4.9 billion), which triggered the mechanism tax deduction, amounting to 2.197 billion euros. By subtracting the taxes paid in 2007 this sum, we obtain 1.69 billion euros in tax savings.

"By seamlessly"

For the bank, "the tax treatment of losses related to fraudulent activities of Jerome Kerviel has been done transparently in accordance with tax regulations. "Any company deducts its costs and loss of income to calculate the amount of its profits and hence taxes, is it worth.As for the difference between the net loss of tax deduction, or 3.21 billion euros, and the amount of damages awarded by the Paris Criminal Court, or 4.9 billion, Societe Generale said that " any money received for repairs will be subject to taxation, which would revert to the state a portion of the tax lost. "

Jérôme Kerviel, the former trader at Société Générale, 33, held solely responsible for a record loss suffered by the bank in early 2008, was sentenced Tuesday by the Paris Criminal Court to five years in prison and three farm 4.9 billion euros in damages. Societe Generale had excluded then demand the entire 4.9 billion to its former trader.

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Oil terminals in the port of Marseilles-Fos are always blocked by the port workers on strike for twelve days. The seven refineries are supplied by the terminals are close to the fuel.

The management of Total-La Mede said that if the strike continued, it would begin operations off Sunday. "Facilities that are already running at least will stop one after the other if there are no solutions found," said Marc Sarda, CGT to INEOS refinery.

The French Union of Petroleum Industries (Ufip) estimated Monday that the blockade of the terminals could cause supply problems in two to three weeks cash advance payday loan.

But deposits of refined products are now the target of the CGT who wants to organize the shortage of gasoline for "protest against port reform in the oil sector and defend the future of the refinery."

Striking employees of oil terminals and refineries were blocked yesterday morning the oil depot at Fos. "It does not, from Tuesday to block all deposits. It showed what could be done, "warned the union.

Click on the thumbnail to enlarge the graphic.

It is a major turning point for Microsoft. The giant does not hesitate to invest hundreds of millions of dollars in the launch of Windows 7 Phone, its new operating system for smartphones. Thursday, Steve Ballmer, CEO of Microsoft, is in Paris and take the opportunity to see the operators. Phone Windows 7 is "strategic. It enjoys support comparable to a big launch at Microsoft, like Windows, the Xbox or Office, "says Nicolas Petit, head of marketing division in France.

The stakes are high. Microsoft needs to catch up with Apple and Google, which have delighted his second place worldwide in three years. In addition, mobile internet tomorrow exceed the fixed Internet, Microsoft's turf.The mobile phone has already attracted 5 billion users worldwide and is growing rapidly for access to the Internet. While the PC has won "only" 1.5 billion users.

Steve Ballmer has taken over the case after the forced departures of Robbie Bach and J. Allard, patrons of the consumer division. According to his promise, "Windows 7 Phone will change the user experience." On its release, Windows 7 Phone will be used in 5 or 6 smartphones "proposed by Samsung, HTC, LG and Dell," says Nicolas Petit. A dozen aircraft will be available in late 2010. South Korea's LG has already shown in early September, its first Windows phone unit 7. Even Nokia, the world of mobile, could adopt this operating system.Moreover, it is the former head of Microsoft's business activity, Stephen Elop, who became the new boss of Nokia.

Unify the social networks

Windows 7 Phone is a real breakthrough. The touch screen is similar to the iPhone, even bigger and the presentation has been unified. Large tactile buttons are used to make calls, choose a contact, surf the Internet to purchase content (games, music, video), email and unify the use of all their social networks. Windows 7 Phone aggregating services like Windows Live, Facebook, Flickr, Twitter, Viadeo without needing to download the application. All other services are also available as Microsoft Bing, Office, Xbox Live, Messenger, and Zune. "The specification shall be binding on the phone manufacturers.The hardware and software will be the same in all Windows phone, which will help to ensure the same experience for users. This will avoid falling into the Android applications which differ from one mobile to another, " Nicolas Petit said.

The challenge for Microsoft is clear. Then he had a 29% market share worldwide mobile operating systems in 2008, it holds only 5%. Microsoft has suffered a wave of iPhone and Android Phone. Neil Mawston, director of mobile at Strategy Analytics, said that "Windows 7 Phone should help Microsoft improve its market share in 2011. But this is not the iPhone killer. " Experts are divided on the chances of Microsoft back in the race for smartphones. According to Carolina Milanesi, an analyst at Gartner, "Microsoft needs to build an economic model to attract individuals.In addition, for manufacturers, the choice of Android is paying off. " Because Microsoft charges the manufacturers ten dollars per operating system while Google Android and Symbian to Nokia are offered. But "then it is Microsoft that will manage all new versions of the operating system, representing major savings for handset manufacturers," explains Nicolas Petit.

Throughout its history, Microsoft has never been the forerunner of the great revolutions, but then he managed to prevail in Internet browsers and games. He is also working to catch up on Google in the search engines with Bing.

The CAC 40 plunges into the red. The benchmark index in Paris, which began the meeting at equilibrium (-0.08%) loose 3654 points to 1.03% to 10.30. It fails to turn the page of a red week that it lost more than 2% in five days. In Tokyo, the Nikkei also closed lower. The rise on Wall Street Friday insufficient to support the rating.

Markets are waiting game before the release of U.S. employment figures on Friday and before the start of the earnings season across the Atlantic, which opens Thursday with Alcoa. Meanwhile Monday, the index of producer prices in August for the euro area will be unveiled. But it is mostly the promise of industrial orders and sales for August in the U.S. of attention in the early afternoon.

This morning, the euro gained ground against the yen before slowing its rise.The Central Bank of Japan met today and Tuesday's monetary policy committee to decide what actions to take to lower the national currency. The euro also slows its rise against the dollar in trading at 1.3753 dollars (-0.16%).

The bank saddled rating

These are mainly automobiles and banking values that make the CAC down. The former are subject to profit taking after experiencing good session on the eve of the opening of the Paris Motor Show. Peugeot (-2.14% to 24.29 euros) and Renault (-2.09 to 36.07 euros ù) are the largest declines in the index.

The bank also experiencing a difficult start of the week. Societe Generale (-1.91% to 40.61 euros) and fall along with it Crédit Agricole (-1.47% to 11.36 euros), AXA (-1.41% to 12.55 euros) and BNP Paribas (-1.12% to 50.98 euros).This sector is troubled by a note from Morgan Stanley, which degrades its recommendation on Credit Suisse because of the recommendations of Basel III.

Investors are also reacting to the measures of the Committee of Experts established by the Swiss Federal Council that go beyond the threshold recommended by Basel III. Credit Suisse and UBS and will carry their own funds to 19% of assets in risk-weighted poor credit personal loans. A minimum ratio of 10% should be established as common equity or equity base of high quality, capital and reserves, while Basel III sets the minimum intake to 7%. The Committee also recommends limiting the debt ratio based on a leverage ratio at 5% of equity.

Sanofi-Aventis sanctioned

Sanofi-Aventis under the spotlight Monday.The pharmaceutical group has launched a hostile takeover of Genzyme to $ 69 per share. The offer is the same as start, despite rumors of rehabilitation conveyed by the press. The rejection of American leadership to discuss is the Origin of the launch of this operation, adopted unanimously by the Board of Directors of Sanofi-Aventis. At the Paris Bourse, however, the news is far from unanimous: the securities were down 0.82% to 47.80 euros.

Values related to oil sector react little to the strike call issued until Sunday at French ports by the CGT.Iraq also announced Monday that its proven oil reserves were 143.1 billion barrels, placing the country third in the world behind Saudi Arabia and Venezuela, according to estimates by the Organization of Petroleum Exporting petroleum (OPEC).

Technip (-0.58% to 59.65 euros), CGG Veritas (-0.27% to 16.58 euros), Vallourec (-0.08% to 73.09 euros) or Bourbon (-0.46 % to 30.48 euros) fell slightly.

The giant Total, however, is more reserved (-1.02% to 37.69 euros).The group also paid the Italian refiner Erg 101 million euros to set up their joint venture refinery and petroleum distribution in Italy, said Erg Friday.

EDF (+0.03% at 31.42 euros) could sell its stake in the U.S. group Constellation Energy Group.

Rhodia (1.54% to 17.74 euros) would increase its operating profit in excess of 1 billion euros, excluding proceeds from sale of carbon credits, by 2013-2015, which result in an increase in its EBITDA of around 40% over this year.

SNCF will not return to her past to sell high-speed train in California. The governor of the U.S. state, Arnold Schwarzenegger has vetoed a law that required all candidates for future high-speed train contracts in California to the transparency of their role in transporting Jews to concentration camps during the Second World War.

This text was particularly SNCF. The French company railways contributes to the tender for the construction of a high-speed rail in the U.S. state.The law, passed in August by the California Congress at the initiative of the elected Democrat Bob Blumenfield, candidates also demanded that the companies detailing the reparations paid to survivors or their families.

"I can not sign such a law"

"While I sympathize with the victims of the Holocaust and all the others transported against their will during the Second World War, this law places unnecessary state California in the position to recognize the activities of these companies" during the war, Arnold Schwarzenegger justified in his message to Parliament. "For this reason, I can not sign this legislation," he adds cashadvance.

SNCF intends however to undergo this examination of conscience. "The atrocities committed by Nazi Germany during the Second World War were such that we can not and must not, forget them.The French people and SNCF have committed themselves in word and deed, and will continue to do so, "adds the company. "That's why the station will continue to prove full transparency on its past during the Second World War and will comply voluntarily with the requirements proposed by the law."

Elected officials in California are not the only ones who called for such measures to the railway companies in Europe. An elected official of the U.S. House of Representatives, Ron Klein, announced Tuesday it would file a bill to prevent the station to participate in a tender for a proposed high speed rail in Florida (south-east ).The elect of Florida charges: SNCF has had a direct role in the Nazi Holocaust, carrying families of innocent Jewish and other victims on board its trains. "

The Republican governor of Florida, Charlie Crist, has already announced it would examine the role of the SNCF in the deportation as part of the tender TGV.

The mood patterns is an excellent barometer of the health sector. Two years ago, when the previous edition of the Mondial de l'Automobile in Paris, the leaders could not hide their dismay. The gaunt, they forgot to praise the new products exhibited on the stands, as the financial crisis made them uneasy. In the 2010 edition, which opened its doors on Thursday to professionals, they appeared much more relaxed, not hesitating to joke. Almost on a cloud.

"After 2010, 2011 will be another record year for the global automotive market, with growth of about 3 to 4%, says Carlos Ghosn, CEO of Renault-Nissan.For this year, he put on 70 million vehicles, a level he feels is superior to that of 2009 (69 million), after the sharp fall in the last two years.

Volkswagen, Europe's number one, the future looks too "optimistic", according to its CEO, Martin Winterkorn. The German boss has also revised its estimates upward for 2010. It now expects global market growth of between 6 and 7%. "The Chinese market continues to explode, Russia restarts, India and South America are growing," he observes. The only Chinese market, became the first in the world, should grow this year from 15 to 20% by PSA Peugeot Citroen. VW, however, global demand will exceed that of 2007 than in 2011.

"We have overcome most of the crisis, but uncertainties remain," Martin Winterkorn shade. Especially on the fitness of the European market.On this issue, the forecasts diverge. VW, the more confident, expects volumes "stable" this year on the continent compared to 2009. The group expects further growth next year business